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Anti-hangover product 'ionic wave' to debut early next month
A leading local health food maker is planning to begin selling its hangover prevention product 'ionic wave' early next month as the industry is responding with more and more brands to match consumers' needs.
We're ...
Benchmark for a future M&A trend in Japan
Within the pharmaceutical sector in Japan another M&A trend is evident among distributors and wholesalers, said representatives from the Association of Japan Pharmaceutical Wholesalers who participated in the Japa...
Merck completes merger of Serono in Korea
Merck KGaA said on September 17 that it has completed its acquisition procedures of Serono Korea to create a combined pharmaceutical unit between two companies.
In September 2006, Merck KGaA announced its intent to...
Financial woes add to stress of terminal illness
Financial woes add to stress of patients suffering from terminal prostate cancer, according to a recent survey. On average, it costs a Korean patient more than 20 million won per year, which is four times high than th...
Korea, EU to face contentious FTA on pharmaceuticals
Korea and the European Union (EU) are to launch their third round of negotiations in Brussels on September 17, but they will face contentious issues, including pharmaceuticals, according to government sources.
Nego...
Bayer HealthCare to storm birth control market
The domestic sales of Bayer HealthCare's birth control products grew 13 percent last year, driven by the strength of Myvlar, Minivlar and Postinor-1. But Bayer HealthCare is not stagnating.
Approved by the Korea Fo...
Long-term alliance with partners is key to globalization
Korean pharmaceutical companies need to establish their long-term with foreign partners if they wants to pursue its goal of embracing globalization, said a company official.
In the era of globalization, Korean drug...
Anti-cervical cancer vaccine released from September 12
MSD Korea, the subsidiary of the U.S. pharmaceutical firm Merck & Co., said that Korean women can be vaccinated with an anti-cervical cancer vaccine, dubbed Gardasil, from September 12.
On July 27, 2007, the Korea ...
Coenzyme Q10 cosmetics are winning consumer's attention
People's demand for coenzyme Q10 cosmetics are expected to increase as coenzyme Q10 is said to be the most promising ingredient in cosmetic products, being able to noticeably postpone skin aging.
Its effect is bas...
Pharmaceutical firms all-out to boost OTC sales
Local drug makers have seen robust growth in earnings for the past couple of years on strong demand for ethical drugs. However, they are finding it increasingly difficult to boost their bottom line amid prolonged busi...
